Jul 20, 2011 10:00pm PDT
side's rhetoric squares very well with reality. let's get some perspective now from jon corzine, former democratic governor of new jersey, before that a u.s. senator and ceo of goldman sachs. currently he runs an investment firm mf global holdings limited. also carli fiorina, advisor to republican senatorial committee. also former senior campaign adviser to john mccain and before that ceo of hewlett-packard. let me start with you carly. you heard those sound bites. it seems like ending the corporate jet tax hike would be uncontroversial, but it seems like some of your fellow republicans are drawing a hard line on any revenue-raising proposals whatsoever. do you believe we can make a dent without doing that? >> i think first of all with regard to the rhetoric of millionaires and billionaires, the problem is when you look at the fine print what democrats are really talking about is raising taxes on a family that makes $250,000. and if you're a nurse and a fireman raising two kids, you don't feel very wealthy right now. so i think that's the problem. the rhetoric doesn't match the reality.
Jul 20, 2011 7:00pm PDT
there are going to be folks on both sides. the question is, can you get enough votes? and i think jon is absolutely right. it's critically important that we raise the debt ceiling. i think, however, the president of the united states is not a freshman house republican. >> right. >> and as i said, this deal has been on the table for a long time. this problem has been on the table for a long time. i think we need the president of the united states, the leader of the free world, to step forward and lead here. and i think there will be enough bipartisan support to get a deal done. >> has he not been leading on this? i mean, with regards to his most recent conversations? >> you know, disappointingly president obama put forward a budget in february. this was his opportunity to lead, in my opinion that. budget was voted down 97-0. it tackled entitlement reform not a bit. he gave a wonderful speech in april which the congressional budget office said it couldn't score because there weren't enough specifics. the truth is, the president himself has never put a deal on the table. he's asked other
Jul 26, 2011 7:00am PDT
and jon karl have been tracking it. let's start with jake. >> reporter: last night aftete their primetime addresses, house speaker john boehner was overheard saying he didn't sign up to go mano a mano with the president of the united states after the president called for congress to compromise. the president spoke sternly to the american people last night blaming house republicans, especially freshmen, for holding up a debt deal. >> the only reason this balanced approach isn't on its way to becoming law right now is because a significant number of republicans in congress are insisting on a different approach. >> reporter: house speaker john boehner responded by saying that the president wants to continue his rampant spending. >> the president often said we need a balanced approach, which in washington means, we spend morerend you pay more. >> reporter: right now there a a two competing bills, to raise the debt ceiling and reduce the deficit. a house one that likely cannot pass the senate and a a nate one that cannot likely pass the house. both raise the debt ceiling, cut more than $1 tril
Jul 26, 2011 5:00am PDT
of florida, claire mccaskill of missouri, jon tester of montana, ben nelson of nebraska, and sherrod brown of ohio. >>> congressman david wu is confirming that he will not seek reelection next year. this comes as a house ethics committee launches an investigation into an encounter with a teenage girl. there's a report that he left a voice mail at his office accusing him of the unwanted advances. >>> time now 5:19. let's go to sal. he's watching everything including the golden gate bridge. >> we're going to start there because there's a little bit of mist and fog on the bridge there. southbound 101 traffic moves very nicely if you're coming througsouthern marin you shouldn't have any problem. morning commute is going to be okay as well, if you are driving to the bay bridge toll plaza or to the san mateo bridge toll plaza. both of them are pretty good. then off you go on the san mateo bridge if you're driving to the peninsula. looks pretty good, we're off to a nice start. if you happen to be driving into the south bay any time soon we do have a pretty nice commute there, let's go to steve.